New York, Nov 14 (THAINDIAN NEWS) Bernard Madoff is serving his 150-year sentence and while he is there in the prison, his lavish belongings are being auctioned. About 200 items, which range from a half-used sticky pad to expensive jewelry — are being auctioned off Saturday in the grand ballroom at the Sheraton New York Hotel & Towers.

These 200 expensive collectible items were taken from Madoff’s various homes on Manhattan’s Upper East Side, in the Hamptons and in Palm Beach, Fla., which federal authorities seized after he was convicted of defrauding investors of millions of dollars.

The various items include dishes, pens and stationery, boogie boards emblazoned with the 71-year-old’s Bernard Madoff’s last name, and a Rolex nicknamed the “Prisoner Watch.” A pair of diamond earrings was estimated to sell for $21,400, while a diamond and emerald bracelet was expected to be sold for $23,400.

“It tells a story of excess,” said Goodboy, 44, a hedge fund employee. “Everything this guy had isn’t going to save him from being greedy. It’s a lesson to stay legitimate.” “There is a $150 wallet I want,” said Jose Gout, 39, a restaurant manager. “It’d be great to have this guy’s wallet. It’d be a funny conversation piece.”

The auction is for a good cause as the proceeds from the auction will be divided among Madoff’s various victims.